Retail

Automakers slam French decision on clean diesels

June 26, 2015 06:15 CET

Sales of diesel cars in France may fall after the government excluded diesel engines from the cleanest classification of vehicle pollution. Euro 6 standard diesels will not be included in the Category 1 scheme that classifies vehicles according to how much they pollute. French cities may use the ranking system to decide whether they want to ban diesels.... Read More »

Aston Martin collaborates with ad giant WPP

3:00 am U.S. ET | June 26, 2015

Aston Martin is collaborating with advertising giant WPP on the automaker's global marketing communications in a step toward a formal working partnership next year, the British luxury automaker said today.... Read More »

Supreme Court ruling could favor all groups debating bias in auto lending

7:45 pm U.S. ET | June 25, 2015

The Supreme Court's decision to endorse a broad interpretation of a legal theory used to fight housing discrimination provides ammunition for groups at odds over the CFPB's power to pursue discrimination in auto lending.... Read More »

Delphi, Google deny report saying self-driving cars nearly collided

10:00 pm U.S. ET | June 25, 2015

Delphi Automotive and Google denied a report by Reuters that their self-driving prototype cars had a close call on a Silicon Valley street earlier this week.... Read More »

NEWS ANALYSIS

Should driverless cars make life-or-death decisions?

7:31 am U.S. ET | June 25, 2015

The gearheads have mostly figured out how to build driverless vehicles. Now comes the hard part: deciding whether these machines should have power over who lives or dies in an accident.... Read More »

Google starts road tests of new self-driving car prototypes

2:26 pm U.S. ET | June 25, 2015

Google said it had started testing the latest prototypes of its self-driving cars on Mountain View, Calif., roads, with safety drivers aboard.... Read More »

REMEMBER THE TITANS

Nissan renames Nashville's NFL stadium

3:00 pm U.S. ET | June 25, 2015

Nissan North America has won naming rights for its hometown NFL stadium in Nashville where the Tennessee Titans play. The name “Nissan Stadium” will go above the field on a highly visible landmark in downtown Nashville, a region where Nissan employs more than 10,000 people.... Read More »

Rolls-Royce's China sales drop on luxury crackdown

June 25, 2015 10:39 CET

Rolls-Royce sales are being hit by a "cool wind blowing in China," said the executive in charge of the ultraluxury brand, as the nation's wealthy pull back from ostentatious purchases amid a government crackdown on conspicuous consumption.... Read More »

Ford Credit car-sharing plan aims to cut ownership costs

12:15 pm U.S. ET | June 24, 2015

Ford is entering the car-sharing market with a program that will cut Ford Credit customers' vehicle costs by enabling them to rent out their cars.... Read More »

Nissan acquires naming rights to Nashville's NFL stadium

6:15 pm U.S. ET | June 24, 2015

Nissan has acquired the naming rights for the NFL stadium in its North American home town, where the Tennessee Titans play, according to sources familiar with the plan.... Read More »

HANNAH LUTZ

BLOG: 3 steps to regulatory compliance

12:15 pm U.S. ET | June 24, 2015

To stay out of trouble with regulators, clean up compliance. It sounds like an obvious solution, but what do dealers need to do to be sure compliance is up to par?... Read More »

NYC dealership must provide documents for non-English speakers

12:15 pm U.S. ET | June 24, 2015

As part of a settlement with the New York attorney general's office, a New York City dealership group must begin providing translations of sales documents to customers who negotiate their vehicle purchases in languages other than English.... Read More »

Lenders stretch subprime auto loans, stoking concerns over consumer debt load

12:15 pm U.S. ET | June 24, 2015

Demand for automobile debt in the U.S. is enabling lenders to make longer loans to people with spotty credit, stoking concern that car shoppers are being lulled into debt loads they won't be able to sustain.... Read More »

CarMax originates $15 million in subprime loans in latest quarter

11:45 am U.S. ET | June 24, 2015

CarMax's finance arm originated about $15 million of subprime loans in its most recent quarter ended May 31. CarMax Auto Finance has originated almost $90 million in subprime loans since it began a test program in January 2014 to learn more about customers that it typically had handed off to subprime lending partners.... Read More »

BB&T launches flat fees

11:45 am U.S. ET | June 24, 2015

Auto retailers working with BB&T Dealer Finance soon can expect to be paid flat fees, rather than dealer reserve, for arranging customers' loans. BB&T will launch a nondiscretionary dealer compensation program on July 1.... Read More »

Ford enters car-sharing, electric bike markets in mobility push

10:30 pm U.S. ET | June 23, 2015

Ford is getting into the car-sharing and electric bike businesses as part of CEO Mark Fields' effort to transform the automaker into a more holistic provider of transportation options.... Read More »

Fiat Chrysler could win merger partner with Alfa Romeo revival

June 23, 2015 16:10 CET

The Alfa Romeo Giulia will be the lynchpin of the brand's turnaround plan and potentially an opportunity to attract a cash-rich merger partner for Alfa parent Fiat Chrysler Automobiles.... Read More »

VW plans subcompact sedan for India to help build market share

June 23, 2015 15:20 CET

Volkswagen is betting that the launch of a subcompact sedan in India will help it build on its small market share in the market. The new car comes with equipment usually reserved for high-end models, such as dual airbags and automatic gear shift.... Read More »

Toyota Europe's new sales boss must hold off surging Nissan

June 23, 2015 06:01 CET

Toyota's new European sales and marketing boss, Matt Harrison, faces the challenge of defeating Japanese rival Nissan's goal of becoming Europe's top-selling Asian brand. Nissan sales are surging thanks to new products while Toyota's aging lineup is holding back growth.... Read More »

RICHARD TRUETT

BLOG: 'Multiphysics': Engineering's new frontier

11:30 am U.S. ET | June 23, 2015

The creation process that was once fairly simple -- design blueprints to prototypes to testing to validation to production -- now is often extremely complex, involving engineers from several disciplines who must think in areas outside of their training.... Read More »

VIDEO: How dealer Bill Perkins turned failure into a mission

12:01 am U.S. ET | June 22, 2015

After a short run with his first dealership, Bill Perkins vowed to someday help others get into the business – if he got a second chance. Thanks to a valued mentor, he got that chance. Perkins now runs two stores anchored in his own principles: inspiring young people, being part of the community, taking an interest in employees’ lives, and creating a culture where people want to succeed.... Read More »

Must dealers steer clear of credit repair?

12:01 am U.S. ET | June 22, 2015

The N.Y. attorney general's office reached multimillion-dollar settlements with some dealerships, saying they sold credit repair and ID-theft products for as much as $6,000 and often without the customer's knowledge. The products in question cost the dealerships $179 or $279.... Read More »

Hyundai close to replacing GM as NFL sponsor, report says

12:36 pm U.S. ET | June 22, 2015

Hyundai is close to an agreement on a sponsorship contract with the National Football League, two people with knowledge of the matter told Bloomberg.... Read More »

FCA hikes Ram diesel torque rating for 2016

12:01 am U.S. ET | June 22, 2015

Fiat Chrysler Automobiles' Ram division is firing the opening salvo in the 2016 model pickup wars by boosting the torque rating of its high-output, 6.7-liter diesel engine to 900 pounds-feet -- highest in the industry.... Read More »

Citroen will boost C4 Cactus production, add new markets

June 22, 2015 06:01 CET

Citroen will increase annual production of the C4 Cactus and expand sales outside Europe after the unconventionally designed compact model proved more popular than planned.... Read More »

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